Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Rating of “Reduce” from Analysts
by Amy Steele · The Cerbat GemInstalled Building Products, Inc. (NYSE:IBP – Get Free Report) has received an average rating of “Reduce” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $247.6667.
IBP has been the subject of several recent research reports. Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Wells Fargo & Company decreased their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Stephens dropped their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Finally, Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a research report on Friday, February 27th.
Get Our Latest Research Report on Installed Building Products
Insider Buying and Selling
In related news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the sale, the director owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Thomas Miller purchased 2,400 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $207.82 per share, with a total value of $498,768.00. Following the purchase, the chief financial officer directly owned 33,219 shares of the company’s stock, valued at $6,903,572.58. The trade was a 7.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,046 shares of company stock worth $844,194 over the last ninety days. Company insiders own 13.80% of the company’s stock.
Institutional Investors Weigh In On Installed Building Products
A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after purchasing an additional 486 shares in the last quarter. United Services Automobile Association acquired a new stake in Installed Building Products in the first quarter valued at $263,000. Jane Street Group LLC lifted its holdings in Installed Building Products by 270.0% during the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock worth $2,948,000 after buying an additional 12,545 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Installed Building Products by 5.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock worth $296,000 after buying an additional 92 shares during the last quarter. Finally, Jump Financial LLC boosted its position in shares of Installed Building Products by 959.6% during the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock worth $3,265,000 after acquiring an additional 16,400 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.
Installed Building Products Stock Down 3.9%
Shares of NYSE IBP opened at $208.86 on Friday. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The stock has a market cap of $5.63 billion, a PE ratio of 22.27, a P/E/G ratio of 4.91 and a beta of 1.84. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $349.00. The company has a 50-day moving average of $273.75 and a 200 day moving average of $280.76.
Installed Building Products (NYSE:IBP – Get Free Report) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.Installed Building Products’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 EPS. As a group, sell-side analysts predict that Installed Building Products will post 10.51 EPS for the current fiscal year.
Installed Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products’s dividend payout ratio is 16.63%.
About Installed Building Products
Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.
Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.
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